Storey buys a 10% FN stake

eFinancialNews.com, the holding company for Financial News, has raised significant new financial backing from one of the UK's most successful newspaper publishers. Sir Richard Storey, former chairman of Portsmouth & Sunderland Newspapers, has taken a 10% stake in the company.

The new money will be used to finance a new online news service, eFinancialNews.com, which is being launched on April 3. The daily service will provide regularly updated news on the European securities and fund management industry over the internet...